If you favor more conservative investments, a fixed annuity* may be appropriate for you. Call us at 518-862-1955 or 800-727-3328 (outside the 518 area code) or e-mail sefcu@uvestmail.com to find out more about the advantages.
When you invest in a fixed annuity, you have the opportunity to take a lump sum of your money and turn it into an income stream. At the same time, you can enjoy these benefits:
Guaranteed rate of return. The return percentage can never fall below a guaranteed rate that is determined when you purchase your annuity.
Guaranteed death benefit. In the event of your death before you start receiving payments, your beneficiary is guaranteed to receive the full principal in your annuity (the amount originally contributed to the account). If you have already begun to receive payments, your beneficiary will still be entitled, at least, to the remaining value of your initial investment.
Flexible payout options. You decide whether to receive payments over a set period of time or for life.
Professional portfolio management. You don’t have to worry about where your money is invested. That’s the job of your insurance company. When you invest in a fixed annuity, your money is allocated among corporate and government bonds, money market accounts and low-risk stocks.
Selection of payout options. When you’re ready to begin receiving retirement income, you decide how you’ll receive payments. You may choose to annuitize (receive periodic payments for the rest of your life), get payouts for a specified period of time, or receive a lump sum withdrawal.
Tax deferral.
When determining where to invest your retirement income, it’s crucial to partner with someone you trust. At SEFCU, through our partnership with UVEST Financial Services**, we work for you to provide access to industry leaders who can help you achieve your savings goals.
*Withdrawals made prior to age 59 1/2 may result in an IRS penalty.
**Securities are offered by, and Investment Consultants are registered with, UVEST Financial Services, member FINRA/SIPC. UVEST is independent of any financial institution.
| Not NCUA Insured |
Not Credit Union Guaranteed |
May Lose Value |
| Not Guaranteed by any Government Agency |
Not a Credit Union Deposit |